Micron Technology

(MU) - Get Micron Technology, Inc. (MU) Report

was hit hard this morning by

Donaldson Lufkin & Jenrette

when it was downgraded to underperform from buy and its price target was slashed to $50 from $122,

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Yesterday, the stock was started at

SG Cowen

with a buy rating and a price target of $125 a share.

Micron was lower in preopen trade on Instinet, trading at $71.25, down from Tuesday's close at 78.50.